Corona Remedies raises Rs 195 cr from anchor investors ahead of IPO

• Pharma firm Corona Remedies raised Rs 195 crore from 17 anchor investors, including SBI MF and ICICI Prudential MF.
• The company's Rs 655.37 crore IPO will open on December 8 and close on December 10.
• The IPO price band is set at Rs 1,008-1,062 per share.
• It is an Offer for Sale (OFS) by promoters and existing investors, with the company not receiving any proceeds.
• Ahmedabad-based Corona Remedies is a pharmaceutical formulation company, ranked as the second-fastest growing among top 30 Indian pharma firms.

Why It Matters: Investors can soon buy shares in a rapidly growing pharma company.